The Bankers’ New Clothes

The Bankers’ New Clothes PDF

Author: Anat Admati

Publisher: Princeton University Press

Published: 2024-01-09

Total Pages: 624

ISBN-13: 0691251703

DOWNLOAD EBOOK →

A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.

Banking the World

Banking the World PDF

Author: Robert Cull

Publisher: MIT Press

Published: 2021-08-03

Total Pages: 519

ISBN-13: 0262544016

DOWNLOAD EBOOK →

Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it. About 2.5 billion adults, just over half the world's adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast “unbanked” population, we need to consider not only such product innovations as microfinance and mobile banking but also issues of data accuracy, impact assessment, risk mitigation, technology adaptation, financial literacy, and local context. In Banking the World, experts take up these topics, reporting on new research that will guide both policy makers and scholars in a broader push to extend financial markets. The contributors consider such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; the occasional negative effects of financial services on poor households, including disincentives to work and overindebtedness; and tools for improving access such as nontraditional credit scores, financial incentives for banking, and identification technologies that can dramatically reduce loan default rates.

China's Banking Transformation

China's Banking Transformation PDF

Author: James Stent

Publisher: Oxford University Press

Published: 2017

Total Pages: 305

ISBN-13: 0190497033

DOWNLOAD EBOOK →

China's Banking Transformation describes the strengths and weaknesses of the Chinese banking system based on the author's 12 years serving on two Chinese bank boards

13 Bankers

13 Bankers PDF

Author: Simon Johnson

Publisher: Vintage

Published: 2011-01-11

Total Pages: 338

ISBN-13: 030747660X

DOWNLOAD EBOOK →

In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.

Banking on Freedom

Banking on Freedom PDF

Author: Shennette Garrett-Scott

Publisher: Columbia University Press

Published: 2019-05-07

Total Pages: 197

ISBN-13: 0231545215

DOWNLOAD EBOOK →

Between 1888 and 1930, African Americans opened more than a hundred banks and thousands of other financial institutions. In Banking on Freedom, Shennette Garrett-Scott explores this rich period of black financial innovation and its transformative impact on U.S. capitalism through the story of the St. Luke Bank in Richmond, Virginia: the first and only bank run by black women. Banking on Freedom offers an unparalleled account of how black women carved out economic, social, and political power in contexts shaped by sexism, white supremacy, and capitalist exploitation. Garrett-Scott chronicles both the bank’s success and the challenges this success wrought, including extralegal violence and aggressive oversight from state actors who saw black economic autonomy as a threat to both democratic capitalism and the social order. The teller cage and boardroom became sites of activism and resistance as the leadership of president Maggie Lena Walker and other women board members kept the bank grounded in meeting the needs of working-class black women. The first book to center black women’s engagement with the elite sectors of banking, finance, and insurance, Banking on Freedom reveals the ways gender, race, and class shaped the meanings of wealth and risk in U.S. capitalism and society.

The Story of Nationsbank

The Story of Nationsbank PDF

Author: Howard E. Covington Jr.

Publisher: UNC Press Books

Published: 2018-06-15

Total Pages: 451

ISBN-13: 1469647818

DOWNLOAD EBOOK →

Charlotte-based NationsBank, formerly named NCNB, became one of the nation's leading financial powers following its acquisition in 1988 of First Republic Bank of Texas and its merger in 1991 with Atlanta-based C&S/Sovran. The authors provide a corporate history of this maverick financial institution.

Politics and Banking

Politics and Banking PDF

Author: Susan Hoffmann

Publisher: JHU Press

Published: 2001-10-30

Total Pages: 338

ISBN-13: 9780801867026

DOWNLOAD EBOOK →

banking today.--Larry Schweikart "American Political Science Review"

Banking on Failure

Banking on Failure PDF

Author: Richard S Collier

Publisher: Oxford University Press

Published: 2020-09-01

Total Pages: 368

ISBN-13: 0192603477

DOWNLOAD EBOOK →

Banks seem all too often involved in cases of misconduct, particularly involving the exploitation of tax systems. Banking on Failure explains why and how banks "game the system", accounting for these misconduct cases and analysing the wider implications for financial markets and tax systems. Banking on Failure: Cum-Ex and Why and How Banks Game the System explains why banks design and use structured products to exploit tax systems. It describes one of the biggest and most complex cases - the "cum-ex" scandal - in which hundreds of banks and funds from across the globe participated in the raid on the public exchequers of a number of countries, with losses in the tens of billions of euros. The book then draws on the significance of this case study, and what this tells us about modern banks and their interactions with tax systems. Banking on Failure demonstrates why the exploitation of tax systems by banks is an inevitable feature of the financial markets landscape, and suggests possible responses.